New Mexico Schedule of Fees and Charges
TITLEMAX OF NEW MEXICO, INC
Licensed Lender under New Mexico Small Loan Act of 1955
Schedule of Loan Fees and Charges
(as of March 2022)
THE CHART BELOW REPRESENTS ILLUSTRATIVE EXAMPLES OF THE COST OF A LOAN TO THE BORROWER. IF YOU HAVE ANY QUESTIONS, OR WOULD LIKE MORE INFORMATION, PLEASE ASK. MAKE CERTAIN THE QUESTIONS THAT YOU ASK ARE ANSWERED. MAKE CERTAIN YOU UNDERSTAND THE TERMS AND COSTS OF YOUR LOAN.
Late Fee: 5% of the unpaid amount of any installment not paid by the end of the 10th day after the due date for such installment.
| 24-48 Month Installment Loan (Non-Motorcycle Collateral) | ||||
|---|---|---|---|---|
| Annual Percentage Rate (APR) The cost of your credit as a yearly rate. Assumes a 365 day repayment period. |
Finance Charge The dollar amount the credit will cost you. |
Amount Financed The amount of credit provided to you or on your behalf. |
Total of Payments* The amount you will have paid after you have made all payment(s) as scheduled. |
Number of Payment(s) used in the APR calculation.* |
| 174.6% | $1,328.79 | $505.00 | $1,833.79 | 24 |
| 174.6% | $3,960.57 | $1,505.00 | $5,465.57 | 24 |
| 174.48% | $10,710.87 | $2,505.00 | $13,215.87 | 36 |
| 168.47% | $18,463.75 | $4,505.00 | $22,968.75 | 36 |
| 156.28% | $39,535.36 | $7,505.00 | $47,040.36 | 48 |
| 24-36 Month Installment Loan (Motorcycle Collateral) | ||||
|---|---|---|---|---|
| Annual Percentage Rate (APR) The cost of your credit as a yearly rate. Assumes a 365 day repayment period. |
Finance Charge The dollar amount the credit will cost you. |
Amount Financed The amount of credit provided to you or on your behalf. |
Total of Payments* The amount you will have paid after you have made all payment(s) as scheduled. |
Number of Payment(s) used in the APR calculation.* |
| 174.6% | $1,328.79 | $505.00 | $1,833.79 | 24 |
| 174.48% | $4,296.15 | $1,005.00 | $5,301.15 | 24 |
| 174.48% | $10,710.87 | $2,505.00 | $13,215.87 | 36 |
| 174.48% | $12,842.61 | $3,005.00 | $15,847.61 | 36 |
PROBLEM OR COMPLAINT, YOU MAY WRITE OR CALL TITLEMAX AT 15 BULL STREET, SUITE 200, SAVANNAH, GA 31401 OR 800-804-5368. THIS BUSINESS IS REGULATED BY THE REGULATION AND LICENSING DEPARTMENT FINANCIAL INSTITUTIONS DIVISION, 2550 CERRILLOS ROAD, SANTA FE, NEW MEXICO 87505, TELEPHONE NUMBER (505) 476-4885.
* All loan examples above assume a monthly payment schedule with payments due on the same date of each month and a $5 title lien filing fee (amount set by New Mexico law). Any title lien filing fee is included in the amount financed/loan principal and paid directly to the Department of Motor Vehicles from the loan proceeds. The above illustrations (including APRs) are examples only; actual Total of Payments and APRs may be higher or lower depending on the month and date of loan origination.
** All loan applicants are subject to a credit check based on eligibility. Loans secured by motorcycle collateral have pricing and a maximum percentage advance rate that varies based on the applicant's FICO® Risk Score Classic V2 credit score.